Twitter's board says it intends to “close the transaction” at the agreed price and “enforce the merger agreement”
New York CNN Business — … Who wants to own Twitter? Maybe Elon Musk doesn't. Sure, maybe he is causing chaos to extract a lower price from the Twitter board …
Elon Musk says his Twitter takeover “cannot move forward” until the CEO proves bots are <5% of users, since his offer was based on “SEC filings being accurate”
Good morning! If Parle gave India Thums Up, Goldspot … Tweets: Elon Musk / @elonmusk : Twitter claims that >95% of daily active users are real, unique humans. Does anyone have that experience? Elon M...
Elon Musk, who wanted to “defeat the spam bots”, is lying when he says bots are why he's backing away from buying Twitter at $54.20/share, amid stocks' downturn
Matt Levine / Bloomberg :
Memo: Apple delays its three-day-a-week return to the office indefinitely, citing rising COVID-19 cases; the company still expects attendance two days per week
Apple Inc. delayed a plan to require workers to come back to the office three days a week, citing a resurgence in Covid-19 cases …
Sources: despite Elon Musk's tweets, Twitter, Musk's team, and banks are continuing to work to close the deal, including preparing the 139-page SEC filing
In public, Elon Musk's erratic tweets have sent Twitter Inc.'s shares flailing, as traders bet that the billionaire is preparing …
Acer unveils the Swift 3 laptop, starting at $900 with a 14" OLED display, 12th-Gen Intel Core H-series CPUs, and claimed 10-hour battery life, coming in July
A new 14-inch OLED for $899.99 — It wasn't too long ago that the phrase “OLED laptop” implied a luxury product.
Sources: Ian Goodfellow, Apple's former director of machine learning who left due to the company's return to work policy, is joining Alphabet's DeepMind
An Apple Inc. executive who left over the company's stringent return-to-office policy is joining Alphabet Inc.'s DeepMind unit, according to people with knowledge of the matter.
Acer announces the SpatialLabs View and SpatialLabs View Pro, standalone external 4K monitors with its glasses-free stereoscopic 3D tech, available from $1,099
Phillip Tracy / Gizmodo :
Acer refreshes its Chromebook lineup, introducing the Spin 714 with a 14-inch 16:10 display and 12th-gen Intel Core i7 CPU, starting at $750 in August
Sam Rutherford / Engadget :
Netflix cuts 150 jobs out of 11K across departments in a new round of layoffs, mostly in the US, as the company reins in costs amid slowing revenue growth
EXCLUSIVE: Layoffs are underway at Netflix today. About 150 positions out of the streamer's workforce of 11,000 are being eliminated amid …
China's top economic official meets dozens of tech execs and industry experts, pledging “support” for Chinese tech companies amid a deepening economic slump
Beijing's top economic official holds meetings with executives and industry experts — China's top economic official met dozens …
Filing: Saudi Arabia's Public Investment Fund takes a ~5% stake in Nintendo, worth $2.98B; the PIF disclosed a 5% stake in Japan's Nexon and Capcom in February
Sovereign wealth fund has already bought into Japan's Capcom and Nexon — Saudi Arabia's sovereign wealth fund has acquired …
Elon Musk's Twitter deal would increase its annual debt interest burden to an estimated $750M-$1B, up from $51M in 2021, adding pressure to find revenue streams
Paula Seligson / Bloomberg : Tweets: @evanmcmurry , @nkulw , @eroston , @parismarx , and @gtiso Tweets: Evan McMurry / @evanmcmurry : “Bankers pulled all-nighters and worked through the Easter and Pa...
Research: despite China's crypto mining ban, its global bitcoin hashrate share grew to 21.1% from Sept. 2021 to Jan. 2022, suggesting a rise in covert mining
While the US extended its leading position as the dominant location for Bitcoin mining, China has reemerged as the second-largest locale despite … Source: Cambridge Judge Business … .
Tencent misses estimates with ~$20.1B in Q1 revenue, up 0% YoY, as net income dropped 51% YoY to ~$3.5B; Tencent has lost ~$500B in value since its 2021 peak
Zheping Huang / Bloomberg :
Twitter loses more execs amid Musk's takeover bid: Twitter Service VP Katrina Lane, head of data science Max Schmeiser, and VP of product management Ilya Brown
Bloomberg :
A profile of Do Kwon, the trash-talking founder of Terraform Labs, which raised $200M+ to build LUNA and UST; many investors avoided losses by cashing out early
Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders …
Plaid announces two products for Automated Clearing House transfers, including identify verification, putting it in direct competition with Stripe
Plaid is moving into identity verification in a crucial expansion beyond its roots connecting banks and fintechs — a move that could put …
Meta's Q1 2022 enforcement report: Facebook's automated content moderation systems improved YoY; the number of wrongly removed, and restored posts, also grew
appeared 6 times in the top 20 links section. FB took it down every time https://transparency.fb.com/ ... https://twitter.com/... Casey Newton / @caseynewton : Wrote about Facebook's latest enforcemen...
Celebrities have been criticized for hyping crypto without highlighting the risks after this month's sell-off, as Crypto.com and FTX scale back on ad spending
Crypto boosters such as Matt Damon, Reese Witherspoon and Gwyneth Paltrow have been criticized for hyping virtual currency without highlighting the risks. Tweets: @katie_robertson , @markmazzettinyt ,...
Addressing complaints by rivals, Microsoft begins relaxing its cloud licensing rules in Europe, which made running its software on other clouds more expensive
Microsoft is undoing in Europe some of the restrictive cloud-licensing policies it first announced in 2019 which made running …
A report details the challenges that delayed Apple's mixed reality headset launch by years and the initial pushback from Jony Ive's team on a VR headset concept
Michael Potuck / 9to5Mac : Source: The Information .
Apple announces new accessibility features, including mirroring Watch apps to an iPhone, and a live captioning tool for iOS, iPadOS, and macOS coming in 2022
Devin Coldewey / TechCrunch :
CoinGecko: after Tether lost its dollar peg, leading to $8.5B+ in redemptions, Circle's USDC stablecoin circulation rose by $3.4B and Binance USD is up $1.2B
Circle's USD Coin is reaping the benefits as circulation of Tether, the world's largest stablecoin and its closest rival, continues to decline in a wave of redemptions. Tweets: @chrisbloomstran , @tob...
Google's Russian subsidiary plans to file for bankruptcy, saying it is impossible to pay employees and suppliers after authorities seized its bank account
Tech giant had already paused most of its commercial operations in the country — The Russian subsidiary of Alphabet Inc.'s GOOG 1.66%▲ …
Google Cloud launches new software supply chain and zero trust tools, including one that gives governments and enterprises access to vetted open-source packages
Frederic Lardinois / TechCrunch :
Palo Alto-based Pangea, which offers embedded security APIs for cloud-native app builders, emerges from stealth with a $25M Series A led by Ballistic Ventures
Mike Wheatley / SiliconANGLE :
Researchers detail a BLE relay attack to unlock and operate a Tesla outside its BLE range; when told in April, Tesla said relay attacks are a “known limitation”
Amazon launches Smart Commerce in India, helping stores create online storefronts and offering tools for billing and inventory management
Manish Singh / TechCrunch :
Pipedream, an integration platform that lets developers build workflow automations and connect cloud services, raises a $20M Series A led by True Ventures
again! This time, he's built @pipedream, “an integration platform for building workflows and connecting cloud services.” Hear what he and his team are up to in @TechCrunch. https://techcrunch.com/... ...
Dutch BNPL service in3 raises a $85.3M Series B in debt and equity, partners with Dutch payments company Mollie, and says it supports over 130K merchants
Amelia Isaacs / AltFi :
Robinhood is working on a second crypto wallet, which will give users sole custody of their private keys, coming in beta this summer and launching later in 2022
Jon Porter / The Verge :
Masterschool, a network of virtual coding schools that takes 10% of monthly income to repay tuition, raises a $100M seed led by Group 11
Frederic Lardinois / TechCrunch :
Glean, which uses AI to offer unified search across apps used by a company, raises a $100M Series C led by Sequoia at a $1B post-money valuation
Kyle Wiggers / TechCrunch :
Enjoy Technology, which runs mobile retail stores and went public via a SPAC merger in October 2021, says it lacks the cash to operate beyond early June 2022
Joanna Glasner / Crunchbase News :
As startups face potential drops in valuation and VCs demand lower spending and higher margins, some companies turn to cutting staff, marketing, and projects
NOW LISTEN UP you have to: - cut burn - keep profitable growth - increase margins - fire underperformers - inspire remaining staff - and MOST IMPORTANT: keep listening to me! https://twitter.com/... G...
Mastercard tests facial recognition software in Brazil, letting users who opt in pay with a smile or a wave, using tech from NEC, Payface, PopID, and others
Thought Machine, a cloud-based infrastructure provider for 35+ banks globally, raises a $160M Series D at a $2.7B valuation, up from $1B+ in November 2021
Siddharth Venkataramakrishnan / Financial Times :
Certora, a provider of security analysis tools for smart contract developers to detect mistakes before deploying code, raises a $36M Series B led by Jump Crypto
Mike Millard / The Block :
Linz-based Storyblok, which offers a headless CMS, raises a $47M Series B led by Mubadala Capital and HV Capital, and says ~74K companies use its tools
Ingrid Lunden / TechCrunch :
Fabless chip startup Cornami, whose architecture is optimized for Fully Homomorphic Encryption and quantum threats, raises a $68M Series C led by Vision Fund 2
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
Protecting your Cloud Applications Data
Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.